Nike Is Now Making Protective Gear For Hospitals

By John F. Heerdink, Jr.

As per reports, NIKE, Inc. (NIKE) has walked into making protective gear for hospitals including face shields and air-purifying respirator lenses. Nike has further decided to expand the number of protective gear in the coming days, to help protect front-line personnel from COVID-19. The equipment is being made at Nike-owned facilities in the United States.

Reportedly, the first shipments were sent to Portland-area hospitals, including Providence, Legacy Health, Kaiser Permanente and OHSU. This week the sportswear giant stated to send protective equipment to three facilities in Boston, including Boston Medical Center, Massachusetts General Hospital and Carney Hospital. Hospitals in Memphis, St. Louis and Cleveland, Ohio to also receive the protective gear.

The company has incorporated numerous steps from its end to curb the spread of virus-like deep cleaning its headquarters, encouraging work-from-home, temporary shutdown of stores and other efforts exceeding $17 million.

Nike is not charging hospitals for the protective gear and has not disclosed the number of protective equipment it has shipped to hospitals.

NIKE, Inc. (NIKE) is the world’s top designer, marketer, and distributor of athletic footwear, equipment, apparel, and accessories. The Beaverton, Oregon based company offers products for a wide variety of sports and fitness activities. To learn more about NIKE, Inc. (NIKE) and to continue to track its progress please visit the Vista Partners NIKE Coverage Page.

 
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
 
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(Read Original Story: Nike expands shipments of PPE to more hospitals in American City Business Journals)


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